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Litecoin (LTCUSD): Higher Low But Conflicting Signal.

Litecoin (LTCUSD): Higher Low But Conflicting Signal. Litecoin (LTCUSD 4 Hour): Selected as Trade Of The Week but as Bitcoin came off its high, LTC has failed to follow through (see conflicting signal on chart). These signals are momentum based which means the price action that follows the signal should be green in the case of a bullish momentum reversal. When momentum fails, it is usually a good idea to take an early exit rather than taking the full stop. See chart here: https://www.tradingview.com/x/hyO9YLKH/ As of now, price is still managing to hold above the 68 support level which likely coincides with Bitcoin 40K. As long as this key support holds, another bullish leg is still probable. Bitcoin will have to lead the way. IF 68 is compromised, avoid any new longs until a confirmation of stability appears.

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S&P 500: Poised For Pullback But Still Bullish.

S&P 500: Poised For Pullback But Still Bullish. S&P 500 (SPXUSD Chart) on the daily time frame shows weakness off a notable resistance (4800). Price can retrace back to 4725 or as low as 4650 and STILL remain in a broader BULLISH trend. This is particularly important for Trade Scanner stock signals. Long signals for stocks should be considered LOW probability until the bullish momentum on the S&P continues. Keep in mind IF 4650 support breaks, a change in trend structure may be in play. Watch the 4650 and 4725 levels for a bullish reversal patterns.

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